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Machala Group
In this Group: Bassirou, Ndeye Banel, Awa
This group, which lives in a town in Senegal, was formed more than five years ago in this town. Their principal activity is the sale of services. This loan will be used to buy computer equipment (computers, mouses, keyboards, central units, mother cards) in order to strengthen the borrower's equipment in his cybercafé, as well as to buy products for maintaining computer equipment. The loan will allow him to respond to customer demand, given that internet is more and more in demand in certain areas of the region.
View original language description ↓
Habitant dans une ville qui se trouve au Sénégal, ce groupement existe depuis plus de 5 ans dans cette localité. Leur activité principale est la vente de services. Ce crédits est destiné a l'achat de matériels informatiques (ordinateurs, souris, clavier, unité central, carte mer) pour renforcer son équipement dans son Cyber café et d'acheter des produits qui sont pour la maintenance du matériel informatique. Ce prêt leur permettrai de répondre aux exigences des clients vue que l'internet est de plus en plus sollicité dans certains milieu de la région et que la demande se fait de plus en plus sentir

Additional Information

About UIMCEC

This loan is administered by UIMCEC, a Kiva Field Partner in Senegal since 2008. UIMCEC is a government-regulated microfinance institution whose mission is to improve the revenue and well-being of families through access to financial services, allowing principally women and young adult micro-entrepreneurs living in rural and semi-rural areas to develop their revenue-generating businesses and supporting them in becoming financially self-sufficient.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Senegal

  • $1,759
    Average annual income
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 492.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Machala Group's $925 loan helped a member to buy computers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2011
Listed
Oct 13, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012